US Politics & Business News
Reddit sentiment and retail conviction are clashing with market reality as Rocket Lab (NASDAQ: RKLB) endures one of its sharpest recent drawdowns. Shares of Rocket Lab closed most recently at $67.62, capping a punishing stretch that saw the stock fall 37.4% over the past month and 16.6% in the last week alone. Despite the recent…
The space sector’s post-IPO momentum has reversed sharply, with most retail-favorite space stocks deep in the red for July 2026. Viasat, Inc. (VSAT) and Iridium Communications, Inc. (IRDM) stand as the only two winners in the basket, gaining 8.4% and 4.1% respectively this month. The rest of the sector has been punished severely, with Rocket…
Retirement savers with substantial IRA balances often face a pivotal question about whether to tap those accounts for major purchases like real estate. A couple holding $8 million in traditional IRAs is considering whether to withdraw funds to buy a house, despite the significant tax consequences involved. Traditional IRA withdrawals are taxed as ordinary income,…
The rise of low-cost Chinese artificial intelligence models may paradoxically drive greater demand for semiconductors, benefiting chip giants like Nvidia (NVDA) and Micron (MU). The central argument draws on the Jevons Paradox, a 19th-century economic theory named for economist William Stanley Jevons that challenges conventional assumptions about efficiency and consumption. The paradox holds that when…
The gap between crude oil prices and refined gasoline costs, known as the “crack spread,” is once again drawing attention from consumers and analysts alike. The crack spread measures the margin between what refiners pay for crude oil and what they earn from selling refined products like gasoline to the market. When crude prices surge…
The elimination of a Dot Com-era pattern day trading rule is expanding access to margin for retail investors while simultaneously raising serious concerns about market volatility. The Pattern Day Trader rule, a regulatory holdover from the early 2000s, was long seen as one of the most significant barriers keeping everyday investors away from aggressive short-term…
AST SpaceMobile (ASTS) has tumbled more than 50% from its all-time high of $133.09 per share, reached on May 28, 2026, raising serious questions about its long-term trajectory. The company’s ambitious goal is to become the first to fully commercialize high-speed satellite internet beamed directly to smartphones, without requiring the bulky dish hardware that current…
The Farnborough Airshow kicked off Monday with a wave of major aviation deals spanning commercial jets, defense systems, and emerging air mobility technology. Boeing (BA) emerged as an early standout, announcing orders for nearly 150 planes as the prestigious biennial event got underway in the United Kingdom. The order haul represents a significant commercial boost…
President Donald Trump imposed 50% tariffs on most Canadian goods Monday, citing what he called unfair discrimination against American autos, alcohol, and dairy products. Trump signed three proclamations invoking Section 338 of the Tariff Act of 1930, a rarely used legal authority that grants the president power to impose maximum tariffs on discriminatory trading partners….
Shares of Lumentum Holdings (LITE) surged more than 9% on Monday after Barclays upgraded the optical and photonic technologies maker to a bullish stance. Barclays lifted its rating on LITE to Overweight from Equal Weight, maintaining a $1,000 price target that implies roughly 36% upside from Friday’s closing price. The upgrade comes after LITE shares…